中再集团副总裁庄乾志介绍，中再集团旗下中再产险是共同体的主席机构和管理机构。现在有23家 保险公司加入共同体，大家共同为中国企业"一带一路"建设项目提供保险服务。一年多以来，已为13个 国家的19个重大项目提供了保险保障，有效防范和化解了中国企业"走出去"的境外风险。 去年2月1日，"一带一路"沿线某国家突发政变，当地政治风险、暴力风险极度上升，就在当天中国 某企业一个燃气电站项目马上开工。如果再保险不能把风险分散出去，直保公司就没法承保，直接影响 到项目进程。政变发生之后，国际上其他再保险公司都终止了这个项目的合作和安排，这个时候中 国"一带一路"再保险共同体主动担当，第一时间提供了独家的再保险保障，结合当时情势为客户提供专 业的保险建议。后来这家企业反馈表示，通过这个事深深地感受到了来自中国共同体的强大支持。 近日，在中国银保监会例行新闻发布会上，中国再保险（集团）股份有限公司和中华联合保险集团 股份有限公司就金融服务实体经济情况做了介绍，特别介绍了保险和再保险机构服务"一带一路"建设的 情况。 中华保险集团总裁高兴华介绍，中华保险也是共同体的成员之一。近年来，中华保险积极贡献中资 海外业务的承保能力，大 ...

在全球气候变化加剧、地缘政治冲突频发的当下，全球经济社会面临的各类风险不断上升。作为我 国再保险业国家队主力军，中国再保险（集团）股份有限公司（以下简称"中国再保"）积极参与全球风 险治理、融入国际保险再保险市场，凭借专业技术积累以及国际业务经验为全球风险分散提供坚实保 障，为经济发展提供有力支撑。 近日，金融监管总局发布公告，正式认定中国再保为我国首家国际活跃保险集团。中国再保相关负 责人在接受《金融时报》记者采访时表示，国际化战略已成为公司发展的重要动力，也是独有竞争优势 之一。 近年来，中国再保主动服务国家战略，在国际化拓展进程中，依托海外平台和再保专业优势，构建 起"一带一路"全球服务体系，全面拓展风险保障覆盖范围，不断健全服务机制，为共建"一带一路"高质 量发展提供更加全面有效的服务保障。 2020年7月，在监管部门的指导下，中国再保牵头24家保险机构成立中国"一带一路"再保险共同 体。5年来，中国再保在中国、新加坡、英国三地牵头组建"一带一路"保险再保险行业平台，搭建起遍 及136个国家和地区的战略合作"朋友圈"。 作为中国"一带一路"再保险共同体主席单位和管理机构，中国再保持续拓宽共同体风险保障 ...

Core Viewpoint - The Ministry of Finance issued a notification to guide insurance funds towards long-term stable investments, adjusting the assessment mechanism for state-owned commercial insurance companies to enhance their investment management capabilities and support national development goals [1][2]. Group 1: Assessment Mechanism Changes - The assessment method for "return on net assets" has been changed from a combination of "3-year cycle + current year" to "current year + 3-year cycle + 5-year cycle," with respective weights of 30%, 50%, and 20% [2][3]. - The adjustment aims to alleviate the "short money long investment" issue, providing a more stable framework for capital market development [1][4]. Group 2: Long-term Investment Strategy - The new assessment mechanism encourages state-owned insurance companies to focus on long-term investment opportunities rather than short-term market fluctuations, promoting a shift towards value investing [3][4]. - Insurance companies are expected to enhance their asset allocation capabilities and invest more in equity markets, particularly in high-quality stocks based on a long-term perspective [3][8]. Group 3: Policy Support and Market Impact - The total balance of funds utilized by insurance companies reached 34.93 trillion yuan, with significant room for increasing equity investments, as current allocations are 8.43% for life insurance and 7.56% for property insurance [6]. - The government has implemented a series of policies to encourage long-term investments, including lowering risk factors for stock investments and promoting a structured approach to capital allocation [6][7]. Group 4: Investment Behavior and Asset Management - The notification emphasizes the need for improved asset-liability management, ensuring that insurance companies align their investment strategies with long-term stability and risk control [8][9]. - Companies like China Life and China Re have outlined their commitment to long-term, stable investment strategies, focusing on absolute returns and risk balance [9].

责任编辑：杨喜亭 中国再保表示，近年来，中国再保稳健推进国际化发展步伐，国际业务占比持续提升，再保险风险 分散功能不断强化，积极参与全球风险治理，融入国际保险再保险市场。公司将以此为契机，紧紧围绕 建设世界一流综合性再保险集团的战略目标，聚焦主责主业，加强科技赋能，深化全球管控，走好中国 特色金融发展之路，服务好高水平对外开放，为金融强国建设作出应有贡献。 金融监管总局表示，下一步，将指导中国再保对照《国际保险集团监管共同框架》进一步完善风险 管理制度，不断提升经营管理水平和国际竞争力。 6月20日，金融监管总局发布公告表示，根据国际保险监督官协会（IAIS）发布的《国际保险集团 监管共同框架》，开展了我国国际保险活跃集团的评估认定工作。经评估，认定中国再保险（集团）股 份有限公司（以下简称"中国再保"）为国际活跃保险集团（IAIG）。 《金融时报》记者了解到，国际活跃保险集团是国际保险监督官协会认定的、资产规模和国际业务 占比达到一定标准和要求的保险集团。国际保险监督官协会提出并不断优化IAIG监管共同框架，旨在 增强全球监管一致性，监测市场趋势，保持全球保险市场稳定。目前，全球共有59个IAIG成员单位。 ...

Core Insights - The approval of foreign insurance asset management companies in China reflects the ongoing high-level opening of the financial sector and the tangible results achieved [1][2][4] Group 1: Regulatory Developments - The China Banking and Insurance Regulatory Commission (CBIRC) has approved the establishment of insurance asset management companies by AIA and Dutch Global Life, indicating a commitment to foreign investment in the Chinese market [2][3] - Since 2018, over 30 new measures have been introduced to lower the entry barriers for foreign investment in the banking and insurance sectors, enhancing cooperation opportunities [4] Group 2: Company Strategies - AIA's new asset management company aims to create a product system that covers multiple industries and asset classes, aligning with the long-term investment strategy in the Chinese market [2] - Dutch Global Life plans to complement its existing business in China by establishing an insurance asset management company, leveraging its international experience and diverse investment strategies [3] Group 3: Market Trends - Nearly half of the world's 40 largest insurance companies have entered the Chinese market, with 80% of national banks enhancing governance through foreign strategic investors [1] - The collaboration between foreign and domestic institutions is expected to enrich the types of institutions and services available, better meeting diverse financial needs [1][4] Group 4: International Engagement - The recognition of China Re as an internationally active insurance group highlights the country's efforts to enhance its risk management capabilities and international influence [5] - Recent significant investments by foreign institutions, such as AIA's over 12 billion yuan stake in China Post Life, signal strong confidence in China's long-term economic growth potential [5]

Core Viewpoint - The Ministry of Finance's recent notification aims to guide insurance funds towards long-term stable investments and enhance the long-cycle assessment of state-owned commercial insurance companies, addressing the issue of short-term investment tendencies in the industry [1][2]. Group 1: Changes in Assessment Mechanism - The assessment method for "return on net assets" has been adjusted from a combination of "3-year cycle indicator + annual indicator" to "annual indicator + 3-year cycle indicator + 5-year cycle indicator," with respective weights of 30%, 50%, and 20% [2][3]. - The adjustment is expected to alleviate the pressure on investment managers from short-term performance fluctuations, encouraging a focus on stable long-term returns [3][4]. Group 2: Impact on Investment Behavior - The notification is seen as a key measure to promote investment behavior that transcends cyclical fluctuations, emphasizing the importance of long-term capital and enhancing asset allocation capabilities [4][8]. - Insurance companies are encouraged to increase their equity market investments, particularly in light of new accounting standards that have increased the volatility of investment returns [3][8]. Group 3: Addressing Investment Barriers - The insurance sector faces three main barriers to market entry: the mismatch between long-cycle investments and short-cycle assessments, solvency pressures limiting equity investment enthusiasm, and the volatility of profits and net assets due to stock investments [6][7]. - Recent policy initiatives aim to alleviate these barriers, including a comprehensive implementation of long-cycle assessments for state-owned insurance companies and adjustments to risk factors for stock investments [6][7]. Group 4: Strategic Investment Directions - The notification emphasizes the need for state-owned insurance companies to enhance asset-liability management and align investment strategies with long-term stability and risk control [8][9]. - Companies are expected to focus on high-quality investment opportunities, including infrastructure REITs, green bonds, and sectors like artificial intelligence and biomedicine, to support the real economy [8][9].

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 中國再保險（集團）股份有限公司 (「本公司」) 呈交日期: 2025年8月6日 I. 法定/註冊股本變動 第 1 頁 共 11 頁 v 1.1.1 FF301 備註： | 1. 股份分類 | 普通股 | 股份類別 H | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01508 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 6,679,416,700 | RMB | | 1 RMB | | 6,679,416,700 | | 增加 / 減少 (-) | | | 0 | | | RMB | | 0 | | 本月底結存 | | | 6,679,416,700 | RMB | | 1 RMB | ...

Core Viewpoint - China Dadi Insurance Co., Ltd. has been fined over 6 million yuan due to multiple violations, including improper use of insurance terms and inaccurate financial data [2][3][4] Group 1: Penalties and Violations - The total fines imposed on Dadi Insurance and related personnel exceed 6 million yuan, with 19 individuals involved [2] - Specific fines include 473,000 yuan for Dadi Insurance and 20,000 yuan for its Jiangxi branch, totaling 493,000 yuan [2] - Additional fines of 1.15 million yuan were imposed on several senior management personnel [3] Group 2: Company Background and Financial Performance - Dadi Insurance was established in October 2003 and is the only property insurance direct insurer under China Reinsurance (Group) Corporation [2] - In 2024, the company reported insurance revenue of 51.288 billion yuan and a net profit of 459 million yuan [2] - For Q1 2025, Dadi Insurance achieved insurance revenue of 16.436 billion yuan and a net profit of 614 million yuan [2] Group 3: Compliance Issues and Responses - The penalties stem from a regulatory inspection conducted by the former China Banking and Insurance Regulatory Commission from May to July 2023, identifying violations from 2022 to March 2023 [3] - Dadi Insurance has stated that it is taking corrective measures, enhancing compliance training, and improving internal processes to address the identified issues [3] - Since 2025, excluding the recent large fine, the total penalties for Dadi Insurance have exceeded 6 million yuan, with violations including improper benefits to policyholders and inaccurate financial data [4]

Core Viewpoint - The insurance industry is experiencing a significant turnover in management, with over 50 companies undergoing leadership changes since 2025, reflecting a shift from rapid expansion to a focus on long-term operations [1][3][13] Group 1: Management Changes - As of mid-2025, more than 30 insurance companies have seen changes in their top management, including key positions such as chairman and general manager [13] - The turnover includes both strategic adjustments in leading firms and urgent replacements in companies facing risks [3][14] - The approval of over 40 executive appointments in the first half of 2025 marks a notable increase compared to fewer than 30 in the same period of 2024 [3] Group 2: Industry Challenges - The insurance sector is under pressure from declining traditional growth models, strict regulations, and concerns over interest rate margins, necessitating the search for new growth avenues [3][19] - Companies are grappling with a changing market landscape, including the impact of regulatory changes and shifts in consumer demand, which complicate their operational strategies [18][21] Group 3: Strategic Implications - Leadership changes present a "window of opportunity" for companies to restart strategic planning, optimize governance structures, and rebuild organizational culture [9][18] - The need for executives with strategic vision and integration capabilities is emphasized, as companies face the challenge of aligning with shareholder expectations and market realities [10][19] Group 4: Specific Company Examples - North Bay Insurance is set to appoint a new chairman after a nine-month vacancy, while Huatai Life has recently filled its general manager position after a three-year gap [2][9] - The frequent changes in management at smaller insurance firms reflect survival anxieties amid competitive pressures and limited operational flexibility [15][21] - Major players like China Life and China Insurance have also undergone significant leadership transitions, indicating a broader trend across the industry [19][20]

Summary of Key Points Core Viewpoint - As of July 14, a total of 138 stocks reached their 52-week highs, indicating a strong performance in the market, with notable leaders including Green Heart Group Holdings, OK Blockchain, and Pearl River Steel Pipe [1]. Group 1: Top Performers - Green Heart Group Holdings (02999) achieved a closing price of 0.013 with a peak of 0.017, marking a 70.00% increase [1]. - OK Blockchain (01499) closed at 0.680, reaching a high of 0.690, reflecting a 48.39% rise [1]. - Pearl River Steel Pipe (01938) had a closing price of 0.335 and a peak of 0.340, resulting in a 33.33% increase [1]. Group 2: Other Notable Stocks - Weishi Jiajie (00856) saw a 32.01% increase, closing at 8.870 with a high of 11.300 [1]. - Cloud Intelligence (09678) reached a high of 520.000, closing at 510.000, which is a 20.99% increase [1]. - China Chengtong Development Group (00217) closed at 0.165 with a peak of 0.166, marking a 14.48% rise [1]. Group 3: Additional Stocks with Significant Increases - Sihuan Pharmaceutical (00460) closed at 1.380, reaching a high of 1.430, which is a 14.40% increase [1]. - Taited Pharmaceutical (03880) had a closing price of 36.950 and a peak of 37.400, reflecting a 13.85% rise [1]. - Beihai Kangcheng-B (01228) closed at 0.850 with a high of 0.960, resulting in a 12.94% increase [1].